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Dec 31, 2012
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the alternative minimum tax kicks in and several tax deductions will also expire. nbc's danielle leigh is on capitol hill with the latest on the negotiation. danielle, what's the latest? >> reporter: good morning. there's been progress and at 11:00 a.m. this morning the senate is going to get back to work. when they do they will not have a lot of time to come up with a deal to avoid those spending cuts and tax increase. both sides are still divided but just before calling it quits yesterday democratic leader harry reid said he hoped to have an announcement in the morning when the senate gets back network. where are they divided? they are divided at what salary taxes should increase but there was progress on taxes for the wealthiest of americans and avoiding the inheritance increases and they are grateful that republicans have given up on demands for cuts to social security at least for now. now this progress has not come easy. democrats have accused republicans of being too suborn on tax increases. just yesterday republicans slammed democrats for failing to give th
the alternative minimum tax kicks in and several tax deductions will also expire. nbc's danielle leigh is on capitol hill with the latest on the negotiation. danielle, what's the latest? >> reporter: good morning. there's been progress and at 11:00 a.m. this morning the senate is going to get back to work. when they do they will not have a lot of time to come up with a deal to avoid those spending cuts and tax increase. both sides are still divided but just before calling it quits...
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Jan 1, 2013
01/13
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if you vote for this bill, it's a vote to lower taxes, not raise taxes. it's optics, it's semantics, but it's very important for house republicans. >> it's ridiculous is what it is. >> and we know that a lot of democrats will support this final package. so, nancy pelosi will bring her votes. >> although welch told me he didn't know whether or not he would support it. >> nancy pelosi has signed off on it. it's up to john boehner to deliver his votes and can he do it without amending it, we do not know at this time. >> all right, luke. thank you very much. >> take care. >> we'll see you soon, i'm sure. >> indeed. >>> well, there's already been grumbling about this senate legislation from both sides of the aisle, but texas republican senator kay bailey hutchison says that is the essence of compromise. >> i don't love it, but i think it is a very good job of negotiating where there are some wins and some losses, and it's about even. >> with me now, the agreeos political editor parry bacon and lynn sweet, washington bureau chief for "the chicago sun ti s times
if you vote for this bill, it's a vote to lower taxes, not raise taxes. it's optics, it's semantics, but it's very important for house republicans. >> it's ridiculous is what it is. >> and we know that a lot of democrats will support this final package. so, nancy pelosi will bring her votes. >> although welch told me he didn't know whether or not he would support it. >> nancy pelosi has signed off on it. it's up to john boehner to deliver his votes and can he do it...
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Jan 1, 2013
01/13
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members of both political parties who badly want these middle class taxes rolled back fa fast, "what the senate did this morning makes it easier for house republicans to follow suit. it was a rare bipartisan vote, 89-8. two hours after america went off the fiscal cliff, vice president biden came to the capitol to sell the fix he worked out with gop leader mitch mcconnell to spoke for senate republicans. >> we don't think taxes should be going up on anyone. but we all knew if we did nothing, they'd be going up on everyone. >> reporter: the senate voted to reverse today's tax hikes on 98% of americans. but to keep the higher rate on families making over $450,000, president obama took credit for breaking 20 years of gop opposition to tax hikes. >> keep in mind that just last month, republicans in congress said they would never agree to raise tax rates on the wealthiewealthi est americans. >> middle class families will wake up today to the assurance their taxes won't go up $2,200 each. >> reporter: not so fast. house speaker john boehner and his gop lawmakers might not go along. boehner
members of both political parties who badly want these middle class taxes rolled back fa fast, "what the senate did this morning makes it easier for house republicans to follow suit. it was a rare bipartisan vote, 89-8. two hours after america went off the fiscal cliff, vice president biden came to the capitol to sell the fix he worked out with gop leader mitch mcconnell to spoke for senate republicans. >> we don't think taxes should be going up on anyone. but we all knew if we did...
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Dec 26, 2012
12/12
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. >> reporter: if congress doesn't change tax cuts in day, middle income earners will owe extra by the end of the year and they will cut back on auto industry, apparel and entertainment. >> once they cut back on that, that will be dramatic. >> reporter: retailers support 1 in 4 american jobs and if the downturn intensifies, those jobs are at risk. >> if retailers stop creating jobs, the economy as a whole stops creating jobs. >> reporter: the weight is excruciating for some and president obama left them $200 billion apart. >> the president was $200 billion higher on revenues and speaker boehner, $200 billion higher on spending cuts. >> if you get 80% of what you want, that's a pretty good day. >> reporter: tough decisions ahead, six days left. >> lawmakers will likely take on spending reform and tax cuts when the debate heats up. >> looks like they will be working over the new year. >>> a note was left by a suspected shooter that killed two firefighters christmas eve in new york. more details on the person already convicted of murder. >> reporter: police say the christmas eve ambush of
. >> reporter: if congress doesn't change tax cuts in day, middle income earners will owe extra by the end of the year and they will cut back on auto industry, apparel and entertainment. >> once they cut back on that, that will be dramatic. >> reporter: retailers support 1 in 4 american jobs and if the downturn intensifies, those jobs are at risk. >> if retailers stop creating jobs, the economy as a whole stops creating jobs. >> reporter: the weight is excruciating...
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Dec 26, 2012
12/12
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. >> reporter: if congress doesn't oaks spire tax cuts in day, middle income earners will owe $2,000 extra a year. consumers are predicted to cut back in automotive, apparel and entertainment. >> once people decide to cut back on that, the effect is dramatic. >> reporter: the national retail federation says retailers support 1 in 4 american jobs and if the downward trend intensify, those jobs would be at risk. >> if retailers stop creating job, the economy as a whole will stop creating jobs. >> reporter: the wait is e excruciating. president obama visited hawaii after talks on capitol hill. they were $200 billion apart on a deal. >> the president was $2200 billion higher on revenues and speaker boehner, $200 billion on spending cuts. >> if you get 80% of what you want, that's a pretty good day. >> reporter: tough decision ahead, six days left. >> lawmakers are saying they will likely take on tax reform and spending cuts again in the new year when the debt ceiling debate heats up. richard, back to you. >> looks like they will be working over the new year. thanks for your time. >>> a n
. >> reporter: if congress doesn't oaks spire tax cuts in day, middle income earners will owe $2,000 extra a year. consumers are predicted to cut back in automotive, apparel and entertainment. >> once people decide to cut back on that, the effect is dramatic. >> reporter: the national retail federation says retailers support 1 in 4 american jobs and if the downward trend intensify, those jobs would be at risk. >> if retailers stop creating job, the economy as a whole...
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Dec 30, 2012
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that we're talking about, whether it's something called the alternative minimum tax or the estate tax or extending the current bush-era income tax cuts, all of them cost money. all of them mean we have less revenue to support the operations of government, so if going forward we're going to reach a balance, where we both cut spending and raise revenue, we have to achieve the right balance of those, so if there are folks in the other party, the republican party, who feel strongly that we should not allow income tax breaks of the last decade to continue, that's fine. i think they simply need to be willing to balance that with some of the democratic priorities like extending unemployment insurance benefits for nearly 2 million unemployed americans who will lose them tomorrow. >> thank you senator chris coons for joining us. >> thank you. >> coming up, former president george h.w. bush is out of icu, and the how the oak ridge boys may have helped lift his spirits. >>> and with less than 30 hours to go before the fiscal cliff, we're watching capitol hill for any kinds of a deal today. you'r
that we're talking about, whether it's something called the alternative minimum tax or the estate tax or extending the current bush-era income tax cuts, all of them cost money. all of them mean we have less revenue to support the operations of government, so if going forward we're going to reach a balance, where we both cut spending and raise revenue, we have to achieve the right balance of those, so if there are folks in the other party, the republican party, who feel strongly that we should...
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Dec 31, 2012
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estate tax compromise. this is something democrats want as well because the estate tax is due to zoom up to 55% on estates more than $1 million if they're passed and nobody wants to see that happen. they are trying to work on a compromise. unemployment, insurance benefits. obviously something urgent for millions of people collecting and the long-term unemployed who have been unemployed for quite sometime. delaying that sequester. this is what i'm talking about. they're talking about delaying it perhaps three months. this is the ultimate kicking the can down the road. remember the sequester is what got us to this point to begin with. it was supposed to be trigger, the guiotine hanging over the necks of the members of congress to git them to do something by tonight. we only have about 13 more hours. one more thing to show you, folks. we'll take a track here of the limits of this negotiation, the upper income limits we've been talking about. the president campaigned for quite sometime, $250,000, a ceiling if y
estate tax compromise. this is something democrats want as well because the estate tax is due to zoom up to 55% on estates more than $1 million if they're passed and nobody wants to see that happen. they are trying to work on a compromise. unemployment, insurance benefits. obviously something urgent for millions of people collecting and the long-term unemployed who have been unemployed for quite sometime. delaying that sequester. this is what i'm talking about. they're talking about delaying it...
SFGTV: San Francisco Government Television
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Dec 31, 2012
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increpts that is baseline established and growth above that baseline of what pedestrian interest tax and so it's similar to increment financing and these are at the growth and tax of project's cause that otherwise go to the taxing entities pribblely the generally fund and we hold those proceeds to repay the investment and infrastructure. so no, to the proposed policy. there has been a long tradition both in the charter and in the burton act that the harbor fund is a self supporting the port is a self supporting enterprise and the city obviously, we pay for that was we purchase from the city and we want to maintain a balance so that the 50 city is not subsidizing the hash fund for our activities and the general services that we require from the city and so we have under taken a nexxus analysis in 2004 and eight that looks at the balance of payment and the next is the methodology that ports with long term leases where the tenants pay tax they pay ampleel tax to be provided these services like any other taxpayer and so the nexxus analysis looks at the unleased land and infrastructure on
increpts that is baseline established and growth above that baseline of what pedestrian interest tax and so it's similar to increment financing and these are at the growth and tax of project's cause that otherwise go to the taxing entities pribblely the generally fund and we hold those proceeds to repay the investment and infrastructure. so no, to the proposed policy. there has been a long tradition both in the charter and in the burton act that the harbor fund is a self supporting the port is...
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Dec 30, 2012
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it's a tax on the value of the equipment or the land that has already been taxed with a property tax or a tax on the equipment. so there is a reason to have some accommodation in the death tax so that we will not face more unemployed people who work for a family-owned business or farm, and that is a -- it is if not the number-one issue of the farm bureau of this country, it's certainly in the top two or three because they know, they know what it's like to have to sell land that is not productive at a value that is not realistic and pay a tax, and a 55% tax is pretty confiscatory. so, mr. president, i do hope that we can come together on a bipartisan basis because if we don't come together on a bipartisan basis, nothing will get done because we have the house that is looking to the united states senate, that is supposed to be the adult in the room, and they are looking at us to see how the votes turn out. and we need a large majority on both sides of the aisle to accepted to the house something that has a firm stamp of approval from this body. and we need the president to be a player
it's a tax on the value of the equipment or the land that has already been taxed with a property tax or a tax on the equipment. so there is a reason to have some accommodation in the death tax so that we will not face more unemployed people who work for a family-owned business or farm, and that is a -- it is if not the number-one issue of the farm bureau of this country, it's certainly in the top two or three because they know, they know what it's like to have to sell land that is not...
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Dec 31, 2012
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facing a dreaded combination of spending cuts and tax hikes... president obama made an appearance, on n-b-c's meet the press. "regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do not go up that would hurt our economy badly." democrats want to keep the bush-era tax cuts for everyone, except the wealthiest americans. just how wealthy?..is a major sticking point... with negotiations now focused on an income threshold around 400-to-500 thousand dollars. *republicans argue the problem isn't tax revenue...but spending. they want reforms to entitlements. but a proposal to change the way social security benefits are measured against inflation was pulled from the table. vice president joe biden -- talked to minority leader mitch mcconnell several times today...in an effort to break the stalemate. hopefully, the discussions between the vice president and senator mcconnell will get us back on track, hopefully get a breakthrough and something we can vote on. i hope by the end of day tomorrow nigh
facing a dreaded combination of spending cuts and tax hikes... president obama made an appearance, on n-b-c's meet the press. "regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do not go up that would hurt our economy badly." democrats want to keep the bush-era tax cuts for everyone, except the wealthiest americans. just how wealthy?..is a major sticking point... with negotiations now focused on an income threshold around...
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Dec 31, 2012
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including a tax credit for families with children the education tax credit. >> he said he would have liked to have gotten a bigger deal done but unfortunately he was not able to do that. this will have to be ruled out in several steps. checking chicagos letter which is kind of great as the final day of 2012. snow passing downstate as you can see on the radar. if you're heading south be aware of that. we may get a flurry but a lot of this hanging up in the clouds over the city. it will be moving out of here tonight. we get into some serious cold there. this low pressure a streaking along fast. high pressure comes in and brings the sun back tomorrow. look at the temperatures and how cold it is out west of us. we've got 310 days without a subfreezing reading. the hundred and 10 days310 days is just not happened before. tomorrow it happens, we go into subfreezing daytime high territory. we bring to an end, a record. live records going back 142 years. thirties' now around the city. the winds are west at 12. makes it feel like it is 22. that is the reading right now. here the temperatures
including a tax credit for families with children the education tax credit. >> he said he would have liked to have gotten a bigger deal done but unfortunately he was not able to do that. this will have to be ruled out in several steps. checking chicagos letter which is kind of great as the final day of 2012. snow passing downstate as you can see on the radar. if you're heading south be aware of that. we may get a flurry but a lot of this hanging up in the clouds over the city. it will be...
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Jan 1, 2013
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earned-income tax credit. earned-income tax credit is a measure passed during the reagan administration which said that we would give working families a tax benefit for working. earned-income tax credit. and that is probably, as president reagan described it, the best way to eliminate reduced poverty in our nation. so the earned-income tax credit has been extended for five years. the child tax credit, which does exactly what it says, says to families with children, we will give you a tax credit to help you raise those children, that too was renewed for another five years. and a provision in the law which was added by senator schumer of new york years ago which helps working families to pay for college education, that too was included in this measure. so from a working family perspective, there are many good and important elements that were included in this measure. we also considered a lot of other tax measures, some of which i liked and some i didn't like. one of them in particular, the estate tax, is a tax t
earned-income tax credit. earned-income tax credit is a measure passed during the reagan administration which said that we would give working families a tax benefit for working. earned-income tax credit. and that is probably, as president reagan described it, the best way to eliminate reduced poverty in our nation. so the earned-income tax credit has been extended for five years. the child tax credit, which does exactly what it says, says to families with children, we will give you a tax credit...
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Dec 29, 2012
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social security and income tax increases would lower the state's revenue by up to 5 billion. this is all coming down the pipe because we have yahoos in congress who can't sit down and to do the job. pessimism helped push stocks down friday for a fifth straight day the industrial average dropped 158 points. paul lisnek says lawmakers know what's at stake if we passed the deadline with no deal. >>, chris can peddle their way back the economy may not be able to withstand the pressure, it's too fragile so i really believe that members of congress will actually put the needs and the welfare of the country ahead of their own political future. >> we had a significant murder rate here in chicago the 500th person was killed last night mayor emanuel calls it an unfortunate and tragic milestone. terry mccarthy calling the numbers tragic the spokesperson saying 80 percent of these homicides are gang- related people we talked to said no matter where they happen to the need to be stopped. nathaniel jackson was pronounced dead early this morning hours after being gunned down outside this co
social security and income tax increases would lower the state's revenue by up to 5 billion. this is all coming down the pipe because we have yahoos in congress who can't sit down and to do the job. pessimism helped push stocks down friday for a fifth straight day the industrial average dropped 158 points. paul lisnek says lawmakers know what's at stake if we passed the deadline with no deal. >>, chris can peddle their way back the economy may not be able to withstand the pressure, it's...
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Dec 24, 2012
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the country faces massive mandatory tax increases and federal spending cuts on january 1st. meanwhile one republican congressman says president obama wants america to go over that cliff >> it is unclear when the president will return from hawaii. staffers for both sides are expected to be communicating over the next few days >> egypt's leading opposition party says it plans to appeal the results of yesterday's constitutional referendum. preliminary results show the new constitution passed with 64- percent of the vote. but opponents say it limits their rights -- and is not legitimate because the voting procedure didn't follow guidelines. parliamentary elections are scheduled in two months -- and the opposition hopes to present a united front by then. some 68-percent of egyptians did not vote in the referendum. >> former president george h. w. bush is showing signs of recovery but may not be home to celebrate christmas with his family. he has been hospitalized since november with a brown tide is related cough. in a statement from hospital his doctors are optimistic he will mak
the country faces massive mandatory tax increases and federal spending cuts on january 1st. meanwhile one republican congressman says president obama wants america to go over that cliff >> it is unclear when the president will return from hawaii. staffers for both sides are expected to be communicating over the next few days >> egypt's leading opposition party says it plans to appeal the results of yesterday's constitutional referendum. preliminary results show the new constitution...
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Dec 27, 2012
12/12
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and lower tax rates. david: the president will not -- he did say so you, by the way. said so in july of 2011. give us 1.2 trillion in additional revenues which could be accomplished without hiking tax rates and then in september 2011, he came out with his own budget in which he said the tax system should be simplified and work for all americans with lower individual and corporate tax rates and fewer brackets. the president said that just a year ago. >> ideology has trumped that practicality. brief period of practicality he had after the shellacking he took in the 2011, 2010 lech ounce is. now he is back to the old mode. we're all paying a price for it. david: okay. final question, is there any way we grow with a president who will not sign on to anything but higher tax rates for the rich? >> at best we'll have a stalled or gone 10 miles-an-hour on a super highway. david: you're not investing any of your money. >> i'm long term. i'm not going to try to time this market because when it turns it will be sudd
and lower tax rates. david: the president will not -- he did say so you, by the way. said so in july of 2011. give us 1.2 trillion in additional revenues which could be accomplished without hiking tax rates and then in september 2011, he came out with his own budget in which he said the tax system should be simplified and work for all americans with lower individual and corporate tax rates and fewer brackets. the president said that just a year ago. >> ideology has trumped that...
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Dec 28, 2012
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the democrats want to extend the bush era tax cuts for those thinking less than $250,000. >> to taxes will go up for every taxpaying american. republicans are not about to write a blank check to us because we find ourselves at the edge of the cliff. >> consistently show that a majority of americans support the president's position on tax es. >> did the shooting as the chicago at 500 homicides for the year. >> so far no comment yet. chicago police have been working hard to prevent it. the 500 happened last night. the shooting death on the west side. 40 year-old nathaniel jackson was pronounced dead just after midnight. three hours after he was shot in the head. his death pushed chicago homicide rate to 500. today that is the talk of the town. >> it is crazy. i think these people are going out of their mind. the need to do something about >> this is only the second time this decade that the homicide rate has hit 500. there were 512 in 2008. the number dropped in recent years. earlier this you're the police superintendent shook up the department to target high crime areas. some feel that
the democrats want to extend the bush era tax cuts for those thinking less than $250,000. >> to taxes will go up for every taxpaying american. republicans are not about to write a blank check to us because we find ourselves at the edge of the cliff. >> consistently show that a majority of americans support the president's position on tax es. >> did the shooting as the chicago at 500 homicides for the year. >> so far no comment yet. chicago police have been working hard...
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masses tax hikes for every taxpayer becoming somewhat of a nonreality tonight. >> it's being described as a pep rally, the president speaking in front of a group of middle-class americans about the impending fiscal cliff. he reassured liberal democrats that he hadn't given away too much but irritated republicans when he took a job. >> one thing we can count on with respect to this congress is that there is even one second left before you have to do what you were supposed to do, they will use that last second. >> i guess i have to wonder and i think the american people have to wonder whether the president really wants this issue resolved or is it to his short-term political benefit for us to go over the cliff? >> and some respecttempers are flaring at this stage in the game. the deal as we know is so far is this individuals making $400,000 a year and families making over ford and 50,000 will see their taxes rise to 39.6% i have families who are worried about unemployment benefits and i have friends who are facing pretty hard times. the senators are expected to vote on a deal by midnight
masses tax hikes for every taxpayer becoming somewhat of a nonreality tonight. >> it's being described as a pep rally, the president speaking in front of a group of middle-class americans about the impending fiscal cliff. he reassured liberal democrats that he hadn't given away too much but irritated republicans when he took a job. >> one thing we can count on with respect to this congress is that there is even one second left before you have to do what you were supposed to do, they...
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but congress can undo those tax hikes if the house passes the senate's bill. vice president biden, who was instrumental in brokering the deal, told reporters he's hopeful it can get through the house but you never know. >> you shouldn't predict how the senate will vote before they vote and number two, you surely shouldn't predict how the house is going to vote. >> reporter: it would extend tax cuts for all workers earning under $400,000 and raise taxes on people above that level and prevent a big tax hike in an estate valued at less than $5 million and extend unemployment benefits for 2 million people. the house will take it up later this morning, the hope is that chamber can pass it before the economy is rocked by the tax hikes. >> happy new year. i feel very, very good. >> reporter: president obama called the senate vote the right thing to do for the country and he encouraged the house to pass it right away. >> all right, abc's tahman bradley reporting from washington. thanks. have a very happy new year. we know you're going to be today, tahman. >> same to y
but congress can undo those tax hikes if the house passes the senate's bill. vice president biden, who was instrumental in brokering the deal, told reporters he's hopeful it can get through the house but you never know. >> you shouldn't predict how the senate will vote before they vote and number two, you surely shouldn't predict how the house is going to vote. >> reporter: it would extend tax cuts for all workers earning under $400,000 and raise taxes on people above that level and...
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Dec 31, 2012
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you're not thinking money after taxes or anything realistic, you're just thinking, 'i'm going to get a windfall of cash and this is going to be amazing!'" "it's not a new story for tech employees to have their options underwater. it's just kinda the breaks." in his book "groupon's biggest deal ever," frank sennett details how founding partners like eric levkofsky cashed out some of their shares before groupon's ipo, pocketing hundreds of millions of dollars in the process. "they're the early-stage founders, they're the ones driving the bus. and there are all sorts of lessons that life isn't fair and that's one of them." though the rank and file still holding shares do have at least some hope for some kind of bonus. 'you know, at this point, you may have lost 66%, maybe 75%. is there a chance you're going to lose that extra 25%? yes there is, but it needs to go down another 100% from here.' knispel has pretty much cashed out 'i didn't get to buy a plane or a boat or anything' and bowman has moved on as well. 'i did have the cash to rebuild the garage for my house because it was fallin
you're not thinking money after taxes or anything realistic, you're just thinking, 'i'm going to get a windfall of cash and this is going to be amazing!'" "it's not a new story for tech employees to have their options underwater. it's just kinda the breaks." in his book "groupon's biggest deal ever," frank sennett details how founding partners like eric levkofsky cashed out some of their shares before groupon's ipo, pocketing hundreds of millions of dollars in the...
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Jan 1, 2013
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>> the senate voted to reverse today's tax hikes on 90% of americans. but to keep the higher rates for families making more than $400,000 a year. president obama took credit. >> republicans said they would never agree to raise tax rates on the wealthiest americans. >> middle class families will wake up to the assurance that their taxes will not go up $2,200 each. >> not so fast. john boehner send house members home to celebrate the new year without a vote. >> this is disgusting. everybody involved should be embarrassed. >> the economy could still take a hit. ndelsman, nbc news. >> marylanders voted to approve same-sex marriage. kim dacey is live with the details. >> it was a historic night at city hall as the first same-sex couples did get married in special ceremony this morning. seven couples took their vows. the mayor performed first ceremony. she has marriage power. she married jim and bill, a couple that has been together for 35 years. and they never thought they would see the day when they could legally wed. >> i am very happy. this is as happy as
>> the senate voted to reverse today's tax hikes on 90% of americans. but to keep the higher rates for families making more than $400,000 a year. president obama took credit. >> republicans said they would never agree to raise tax rates on the wealthiest americans. >> middle class families will wake up to the assurance that their taxes will not go up $2,200 each. >> not so fast. john boehner send house members home to celebrate the new year without a vote. >> this...
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has an incomes tax liability. you oval don't want to see our -- you obviously don't want to see our defense have to deal with what would be deep, deep cuts in our national security budget. those are two things that will happen tomorrow unless congress can act to prevent that. and so count me among those who wants to be, see a solution. i certainly hope that the negotiations that are occurring right now can conclude in a way that will give us an outcome, that prevents those tax rates from increasing on americans across this country and also put in place some things that would actually deal with the real problem. and the real problem, mr. president, is that our country spends too much. and we are where we are today because we haven't done our work when we should have previously. if you think about the fact that for three consecutive years -- three years in a row -- in the united states senate we haven't passed a budget. we spent $3.5 trillion of american taxpayer money every single year and for three consecutive yea
has an incomes tax liability. you oval don't want to see our -- you obviously don't want to see our defense have to deal with what would be deep, deep cuts in our national security budget. those are two things that will happen tomorrow unless congress can act to prevent that. and so count me among those who wants to be, see a solution. i certainly hope that the negotiations that are occurring right now can conclude in a way that will give us an outcome, that prevents those tax rates from...
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Dec 29, 2012
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extending tax cuts for those making $250,000 or less. and continuing unemployment benefits for the millions who will lose them when the new year strikes. >> that's the bare minimum that we should be able to get done. >> reporter: it's clear whatever happens, there is no time, now, for a grand bargain on the even tougher issues. cutting spending and raising the debt ceiling. >> we're going to end up with a small, kick the can down the road bill, that creates another fiscal cliff to deal with this fiscal cliff. how irresponsible is that? >> reporter: and as washington's still, the stock market burns. dropping for a sixth-straight day under all this uncertainty. americans are burning up, too. >> this is america. they should be working for the american people. >> the parties are trying to outdo each other. >> can't believe we got this close. >> get in a room and don't come out of the room until you've got this thing taken care of. >> reporter: now, senate leaders say they hope to have a plan they can bring to the senate tomorrow. and by tomo
extending tax cuts for those making $250,000 or less. and continuing unemployment benefits for the millions who will lose them when the new year strikes. >> that's the bare minimum that we should be able to get done. >> reporter: it's clear whatever happens, there is no time, now, for a grand bargain on the even tougher issues. cutting spending and raising the debt ceiling. >> we're going to end up with a small, kick the can down the road bill, that creates another fiscal...
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Dec 27, 2012
12/12
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we have a governor focused on jobs and taxes. he's talking about gun confiscation. >> you can accomplish my -- publish my name if i don't pay taxes. >> these are people obeying the law. domestic violence victims, retired police. no way they should make this accessible for criminals and nut jobs. >> eric: have we heard from the paper? >> they are refuse to comment. >> no apologies, no we made a mistake. >> trace: and they haven't pulled the information. >> eric: have you contacted them. >> not recently but they know about my piece of legislation we got done in the assembly. >> this story is heating up on the internet, twitter and facebook. gregg ball, thank you very much. >> good to be here. >>> we have to leave it there. i'll see you on the five, 2.5 minutes or so. be right over there. [ male announcer ] this is joe woods' first day of work. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant special
we have a governor focused on jobs and taxes. he's talking about gun confiscation. >> you can accomplish my -- publish my name if i don't pay taxes. >> these are people obeying the law. domestic violence victims, retired police. no way they should make this accessible for criminals and nut jobs. >> eric: have we heard from the paper? >> they are refuse to comment. >> no apologies, no we made a mistake. >> trace: and they haven't pulled the information....
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Dec 26, 2012
12/12
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. >> reporter: if congress doesn't extend expiring tax cuts in just days, middle income owners will owe uncle sam about $2,000 extra a year. retailers will cut back in automotive, apparel and entertainment. >> once people begin to pull back on that, the effect will be dramatic. >> reporter: the national retailers association said retailer its support 1 in 4 american jobs and if the downward turn intensifies. for those, the wait is excruciating. president obama visited troops in hawaii over christmas after a frustrating week on capitol hill. he and speaker john boehner about $100 billion. >> the president was $200 billion in revenues. speaker boehner $100 billion in spending cuts. >> reporter: tough decisions ahead. six days left. and lawmakers are now saying they will likely address tax reforms and spending cuts in the new year when the debt ceiling debate gets going. reporting live in washington. i'm danielle leigh. richard, back to you. >> danielle, thank you. >>> a note was left by the suspected shooter that killed two firefighters christmas eve in new york. here's nbc's ron mott wit
. >> reporter: if congress doesn't extend expiring tax cuts in just days, middle income owners will owe uncle sam about $2,000 extra a year. retailers will cut back in automotive, apparel and entertainment. >> once people begin to pull back on that, the effect will be dramatic. >> reporter: the national retailers association said retailer its support 1 in 4 american jobs and if the downward turn intensifies. for those, the wait is excruciating. president obama visited troops...
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Dec 27, 2012
12/12
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but perhaps democrats think if they add an extension of the estate tax cut or other tax extenders in there they can lure some republicans. but that is part of the negotiation that will go on behind the scenes between democrats and maybe one by one republican after republican, what do you need in order to come to the table? >> senate democrats say the best chance of passing the bill is to wait until the last minute. why is that? >> this is going to make voters and viewers so happy i'm sure. the reason is they know the reality and the reality is -- and we have seen it time and time again. congress acts when they are up against a deadline and really not before. we're pretty close to the deadline but it won't be until they are literally facing the cliff, teetering off the edge of the cliff that many republicans will say uncle, i will go for this, even though i don't think it is the right thing. for the most part democratic and republican sources think the most likely scenario is going off the cliff. the reason is this is not going to make voters or viewers happy, because politically it i
but perhaps democrats think if they add an extension of the estate tax cut or other tax extenders in there they can lure some republicans. but that is part of the negotiation that will go on behind the scenes between democrats and maybe one by one republican after republican, what do you need in order to come to the table? >> senate democrats say the best chance of passing the bill is to wait until the last minute. why is that? >> this is going to make voters and viewers so happy...
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Dec 27, 2012
12/12
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but perhaps, democrats think if they can add an extension of the estate tax cut or put tax extenders in there they can lure some republicans. but that is part of the negotiation that's going to go on behind the scenes between democrats and one by one republican after republican. what do you need in order to come to the table. >> the senate democrats saying they think it's best to wait until the very last minute. why is that? >> this is going to make voters and viewers so happy i'm sure. the reason is because they know the reality. and they have seen it time and time again, congress acts when they are up against a deadline and not before. we are close to it. but it won't be until they are facing the cliff and teetering off the edge that the republicans will say fine, uncle, i'll go for this even though i don't think it's the right thing. but i've got to tell you, randi, still for the most part, democrat and. >> rob: sources do think that the most likely scenario is going off the cliff, and the reason is because, again, this is not going to make voters or viewers happy, is because poli
but perhaps, democrats think if they can add an extension of the estate tax cut or put tax extenders in there they can lure some republicans. but that is part of the negotiation that's going to go on behind the scenes between democrats and one by one republican after republican. what do you need in order to come to the table. >> the senate democrats saying they think it's best to wait until the very last minute. why is that? >> this is going to make voters and viewers so happy i'm...
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Dec 30, 2012
12/12
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, gas taxes sales taxes, you name it. as a result virginia has a job growth rate that is three times that of maryland. virginia has a lower unemployment rate. so you see that contrast and paul, i think in this election, it actually worked to the president's benefit in some of the swing states like o-ohio and virginia and you had the voters in the states experiencing above average growth thanks to the policies of republican governors. >> paul: kim, then you see the alternatives and let me mention one state where democrat gina amando the state treasurer pushed through a terrific pension reform, probably the best in the country, but if you look at other states where the democratic coalition is dominant, illinois, for example, new york state and california, you see a very different policy mix. which direction are they going? >> their policy mixes to mirror what's happening in washington, which is do not address any of your structural spending problems and need to add spending and ask your taxpayers in particular to-- the weal
, gas taxes sales taxes, you name it. as a result virginia has a job growth rate that is three times that of maryland. virginia has a lower unemployment rate. so you see that contrast and paul, i think in this election, it actually worked to the president's benefit in some of the swing states like o-ohio and virginia and you had the voters in the states experiencing above average growth thanks to the policies of republican governors. >> paul: kim, then you see the alternatives and let me...
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Dec 24, 2012
12/12
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CSPAN2
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we had a massive infusion of general tax revenues to pay for drivers. i have no idea why we are driving people to drive long distances. i am a person that believes interest the people should be free to try it if they pay for the cost of their action but we shouldn't be driving the students. we shouldn't be engaging in social engineering that uses federal tax policy to massively subsidize people to move into the to move out of urban apartments to buy homes, which subsidizes to bet on to the housing market which also bribes them to build larger homes. i am a homeowner myself but i think having a current, mortgage interest deduction is crazy. we should slowly on hundred thousand dollars a year and most of all, we need to have even more commitment to the urban schools to it but i would like a world in which we did was subsidizing and have the fed have less engagement and leave cities if they are in power and have the resources to solve their own problems. i would much rather have that happening. some things to remember race to the top started with obama. we
we had a massive infusion of general tax revenues to pay for drivers. i have no idea why we are driving people to drive long distances. i am a person that believes interest the people should be free to try it if they pay for the cost of their action but we shouldn't be driving the students. we shouldn't be engaging in social engineering that uses federal tax policy to massively subsidize people to move into the to move out of urban apartments to buy homes, which subsidizes to bet on to the...
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Dec 31, 2012
12/12
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WBFF
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tax rates for all americans will increase. democrats want higher taxes on familles earning 250-thousand-dollars a year and over. republlcans want tax rates to stay where they arr. útaaes seem to bbe compromise. others want to see government spending put in check. presiddnt obama says... he's willing toodo that. "i offereddover a trilliin dollars in additional spending cuts ss hht we would have two dollars of spending cuts for every one dollar of increased revenue." "the senate ssands in recess"" the senate is scheduled to reconvene at 11-a-m. even if lawmakers don't come to angreement tooight... you probably won't see a drastic change in your next paycheck. that's because businesses pikely used 20-12 withholdingg would happennrtain about what - happen.if you want to see how much your taxes would go upp pgreement.. go to foxbaltimroe dozens of people in baltimore gathered over the weekend to protest violence....targeted at gays nd esbians. lesbians.it comes after thh bruual beating of a young man on christmas night in eaat bal
tax rates for all americans will increase. democrats want higher taxes on familles earning 250-thousand-dollars a year and over. republlcans want tax rates to stay where they arr. útaaes seem to bbe compromise. others want to see government spending put in check. presiddnt obama says... he's willing toodo that. "i offereddover a trilliin dollars in additional spending cuts ss hht we would have two dollars of spending cuts for every one dollar of increased revenue." "the senate...
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Dec 31, 2012
12/12
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FBC
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>> they will increase taxes. we have voted to not raise taxes on anybody and extend the tax reductions for everybody. that was a bipartisan vote taken on -- rich: hold on one second. we have senator harry reid on the floor. dagen: there is senator harry reid. >> it is for the date only. they will. dagen: roughly ten minutes each. >> mr. president, i was disturbed to read in the washington post this morning that some kind of agreements are being made here. somehow, the democrats have agreed to raise the level. dagen: we will monitor what is going on on the senate floor. we will see if senator harry reid has more comments to make. rich, my apologies for interrupting you and the congresswoman. i handed off to you. rich: this is where any time a congressional leader shows up, we are all over it. congresswoman, you are saying, the house has already voted to extend the tax cuts. tax rates go up for everyone or possibly maybe that five that 500,000 threshold. is that something you can still support? >> it was going to b
>> they will increase taxes. we have voted to not raise taxes on anybody and extend the tax reductions for everybody. that was a bipartisan vote taken on -- rich: hold on one second. we have senator harry reid on the floor. dagen: there is senator harry reid. >> it is for the date only. they will. dagen: roughly ten minutes each. >> mr. president, i was disturbed to read in the washington post this morning that some kind of agreements are being made here. somehow, the...
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Dec 30, 2012
12/12
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an increase in the estate tax. in case those discussions break down, the president has asked democratic leader harry reid to prepare a separate bill to put on the floor of the senate that would raise taxes on households that earn $250,000 or more. that's really a democratic proposal, and you can expect republicans to block it. rather than thinking of that as a stop gap measure, you should probably think of it it as a political measure to shift the responsibility for failure onto republicans just before the nation hits the hour of reckoning. alison. >> thanks. with everyone from the president to republican leaders expressing hope for a deal by tomorrow night, at least one congressman says the chances look slim to none. listen to virginia democrat jim moran as he describes why he'll likely vote against a deal. >> my congressional district would be the hardest-hit if we go over the fiscal cliff. i have tens of thousands of federal employees and a great deal of defense spending would be at risk. so if we don't suspend
an increase in the estate tax. in case those discussions break down, the president has asked democratic leader harry reid to prepare a separate bill to put on the floor of the senate that would raise taxes on households that earn $250,000 or more. that's really a democratic proposal, and you can expect republicans to block it. rather than thinking of that as a stop gap measure, you should probably think of it it as a political measure to shift the responsibility for failure onto republicans...
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Dec 30, 2012
12/12
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taxes are going up. we know that. spending going up for sure even before the health care law kicks in. so we are moving in that direction, particularly in the entitlement state. >> right. >> not reforming it, but actually expanding it. >> what happened was the supreme court helping this along. t you had the justices essentially rewrite legislation. changing the tax congress passed to declare obama care constitutional which is a littleec scary that the highest justice is -- justices in the land would take the activist roll. that's what is scary. the backdrop of the presidential year was europe. we know where this path leads. all this turmoil, the huge welfare and the low productivity and high unemployment that comes along with them, that was the backdrop of the presidential campaign. voters voted, and they said, yes, we are going to keep moving in that direction, kim. where do you think the electorat is here? is it be ibd hue the choices that -- is it behind the choices that jason suggested they might be? >> barack oba
taxes are going up. we know that. spending going up for sure even before the health care law kicks in. so we are moving in that direction, particularly in the entitlement state. >> right. >> not reforming it, but actually expanding it. >> what happened was the supreme court helping this along. t you had the justices essentially rewrite legislation. changing the tax congress passed to declare obama care constitutional which is a littleec scary that the highest justice is --...
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Dec 30, 2012
12/12
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an increase in the estate tax. in case those discussions break down, the president asked harry reid to prepare a separate bill to put on the floor of the senate that would raise taxes on households that earn $250,000 or more. now, that's really a democratic proposal and you could expect republicans to block it, so, rather than thinking of that as a stop gap measure, probably think of it as a political measure to shift the responsibility for failure on to republicans just before the nation hits the hour of wreckening. alison? >> thanks. >>> lawmakers could vote as early as today and when it happens, you can watch live coverage right here on cnn. >>> the president will continue to plead his case for a deal today. he's making his first appearance on a sunday talk show in more than three years. he'll be on nbc's "meet the press." he'll call for an immediately vote for congress on a scale-back plan that would only extend middle class tax breaks if the negotiations fail. >>> other news now, second degree murder as a hate
an increase in the estate tax. in case those discussions break down, the president asked harry reid to prepare a separate bill to put on the floor of the senate that would raise taxes on households that earn $250,000 or more. now, that's really a democratic proposal and you could expect republicans to block it, so, rather than thinking of that as a stop gap measure, probably think of it as a political measure to shift the responsibility for failure on to republicans just before the nation hits...
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Jan 1, 2013
01/13
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CNNW
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tell us how the payroll tax is different than the others. >> the payroll taxes come out of your paycheck automatically and used to fund social security. costs dids 120 billion for the treasury department to instead let you have a little smaller part of your paycheck goes to social security taxes and general funds used to cover the difference. you've had a little holiday. you've had a holiday for the past couple of years and that means you've been paying 4.2% toward payroll taxes. it's going back up to 6.2%. the more money you make, the more you're going to pay. let me show you exactly what it means. if you make $35,000 a year, you're going pay $700 more a year. if you make $50,000, you'll pay a thousand. everyone look for your bracket there, because what this means you're going to have a smaller paycheck. meant to be a temporary boost to the economy. and in the fiscal cliff, it is really temporary. they're not going to extend it. >> how important it is, the markets are not open today but they're going to be open tomorrow, that there is some real deal in hand from the senate side and the
tell us how the payroll tax is different than the others. >> the payroll taxes come out of your paycheck automatically and used to fund social security. costs dids 120 billion for the treasury department to instead let you have a little smaller part of your paycheck goes to social security taxes and general funds used to cover the difference. you've had a little holiday. you've had a holiday for the past couple of years and that means you've been paying 4.2% toward payroll taxes. it's...
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Dec 26, 2012
12/12
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CNNW
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but there's also a number of smaller tax measures that are set to expire. they sort of create their own set of problems, even for some democrats. so he may really need to do some lobbying on a few of them, don. >> brianna, how did he spend christmas? >> reporter: christmas, we talked about this yesterday. we said we wouldn't be surprised if he went to visit troops as he's done in past years. indeed he did end up doing that. he went a short distance from where he and the first family rent a home, to a military station here an oahu. and he visits with troops thanking them for their service and also thanking their families for their service. he said to them, we know the sacrifice that our military men and women make in defending our country. but sometimes it gets lost just how much of a sacrifice the families make as well. and as you know, don, first lady, michelle obama, has been really active with military families along with jill biden. so that was something also that was really important to her. >> brianna keilar in honeymoon lulu, thank you, brianna. >>>
but there's also a number of smaller tax measures that are set to expire. they sort of create their own set of problems, even for some democrats. so he may really need to do some lobbying on a few of them, don. >> brianna, how did he spend christmas? >> reporter: christmas, we talked about this yesterday. we said we wouldn't be surprised if he went to visit troops as he's done in past years. indeed he did end up doing that. he went a short distance from where he and the first family...
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Jan 2, 2013
01/13
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, anything to raise revenue by taxes, tax cuts. anything they say is going to hurt somebody, and that will be less of boats for them. i agree with the term limits. i believe we should drop the gerrymandering by getting rid of the party affiliations when you fill out your voter registration. if you don't have a party affiliation, they cannot tell who you are going to vote for. thank you for taking my call. >> thank you for calling in this evening. roger from orlando, please go ahead, republican. >> i just want to say we will never get up this fiscal mess until the democrats understand that you cannot spend more money than you have. families have to live with a so does the country. send it back to the senate's and their them not to pass it, and say happy new year. kreps philip and alabama, independent line. good evening -- philip in alabama. >> the people of this country have created this mess we are in. we are the ones that elected yahoos who are sitting there right now, not accomplishing one thing. we should have stayed out of iraq
, anything to raise revenue by taxes, tax cuts. anything they say is going to hurt somebody, and that will be less of boats for them. i agree with the term limits. i believe we should drop the gerrymandering by getting rid of the party affiliations when you fill out your voter registration. if you don't have a party affiliation, they cannot tell who you are going to vote for. thank you for taking my call. >> thank you for calling in this evening. roger from orlando, please go ahead,...
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Dec 30, 2012
12/12
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the alternative minimum tax is one that people talk about. the estate tax. these are all things that would affect average americans and which would hit on january 1st. so the fiscal cliff, it might be even bigger than people realize. don? >> lisa, thank you very much. >>> we've got a lot more planned for you this saturday night. here's what else is ahead. as our lawmakers wrestle with u.s. gun violence, chicago hits an awful milestone. 500 murders this year and counting. what's to blame? a former gang member and chicago's police superintendent join me live. >>> plus, president obama could tap this republican to lead the defense department. but not everyone wants to see a secretary hagel. why some of the loudest voices with coming from his own party. >>> and 2012 is almost history. but what's the takeaway? comedian dean obeidallah schools us. >>> and also good news to tell you about a story we have been reporting on tonight. two missing georgia boys have been found safe in austin, texas. their father, the man who allegedly kidnapped them has been taken into c
the alternative minimum tax is one that people talk about. the estate tax. these are all things that would affect average americans and which would hit on january 1st. so the fiscal cliff, it might be even bigger than people realize. don? >> lisa, thank you very much. >>> we've got a lot more planned for you this saturday night. here's what else is ahead. as our lawmakers wrestle with u.s. gun violence, chicago hits an awful milestone. 500 murders this year and counting. what's...
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Dec 30, 2012
12/12
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the alternative minimum tax is one that people talk about. the estate tax. these are all things that would affect average americans and which would hit on january 1st. so the fiscal cliff, it might be even bigger than people realize. don? >> lisa, thank you very much. >>> we've got a lot more planned for you this saturday night. here's what else is ahead. as our lawmakers wrestle with u.s. gun violence, chicago hits an awful milestone. 500 murders this year and counting. what's to blame? a former gang member and chicago's police superintendent join me live. >>> plus, president obama could tap this republican to lead the defense department. but not everyone wants to see a secretary hagel. why some of the loudest voices with coming from his own party. >>> and 2012 is almost history. but what's the takeaway? comedian dean obeidallah schools us with his top ten lessons of 2012. >>> and also good news to tell you about a story we have been reporting on tonight. two missing georgia boys have been found safe in austin, texas. their father, the man who allegedly kid
the alternative minimum tax is one that people talk about. the estate tax. these are all things that would affect average americans and which would hit on january 1st. so the fiscal cliff, it might be even bigger than people realize. don? >> lisa, thank you very much. >>> we've got a lot more planned for you this saturday night. here's what else is ahead. as our lawmakers wrestle with u.s. gun violence, chicago hits an awful milestone. 500 murders this year and counting. what's...
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Dec 29, 2012
12/12
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WJLA
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. >> t-minus three days until everyone's taxes go up. the politicians are in a mad scramble this morning. so, what are the odds of a deal to prevent disaster? >>> the price of fashion. are your skinny jeans a health risk? why doctors are warning of nerve damage, abdominal pain, heart burn, even blood clots. >>> is britney spears about to lose her job as a judge on a talent show? why simon cowell reportedly calls her toxic to the show's success. >>> and good morning, everyone. we've got a lot to get to this last week of 2012. can you believe this year is almost over? and of course, we're going to start the show with weather. take a look at snow falling overnight in illinois. the year ending with a one-two punch of nasty weather for much of the country. ginger zee will tell us how it will affect your travel plans. >> nothing makes ginger happier than a big winter storm. we'll talk to her in just a moment. >>> speaking of travel. this is exactly what you do not want to hear after you've ponied up for a christmas cruise on "the queen mary 2.
. >> t-minus three days until everyone's taxes go up. the politicians are in a mad scramble this morning. so, what are the odds of a deal to prevent disaster? >>> the price of fashion. are your skinny jeans a health risk? why doctors are warning of nerve damage, abdominal pain, heart burn, even blood clots. >>> is britney spears about to lose her job as a judge on a talent show? why simon cowell reportedly calls her toxic to the show's success. >>> and good...
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Dec 29, 2012
12/12
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KPIX
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the president still wants the tax increases for house molds making more than 250 -- households making more than $250,000 while the speaker wants those to start at $1 million so if they are still this far apart they have a long way to go. >> that's the issue the entire time. >> reporter: like this is new?! it is very frustrating. >> pushing the limit. >> we'll see. >> thanks, grace. >>> well, wall street isn't putting much faith in washington either. the dow lost 158 points today. its five-day losing streak is the longest since july. the nasdaq and s&p 500 also closed down. >>> we learned late this afternoon an indian woman who was brutally gang-raped and then thrown from a moving bus has died. three days after the attack, the 23-year-old woman was moved to a hospital in singapore in critical condition. six men on a new delhi bus raped and assaulted her for an hour and also beat a man that she was with. the horrific ordeal has galvanized indians there and here in the bay area. this is a vigil this afternoon. indian women have complained of regular harassment and sexual assaults. and pr
the president still wants the tax increases for house molds making more than 250 -- households making more than $250,000 while the speaker wants those to start at $1 million so if they are still this far apart they have a long way to go. >> that's the issue the entire time. >> reporter: like this is new?! it is very frustrating. >> pushing the limit. >> we'll see. >> thanks, grace. >>> well, wall street isn't putting much faith in washington either. the...
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Dec 28, 2012
12/12
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WUSA
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. >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in january 1st. >> i am not optimistic. >> reporter: even congressional leaders are cemental. >> the american people have a right to be very upset with this congress. >> reporter: president obama invited pelosi, john boehner and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year. and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to slow the progress. the senate will be
. >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in january 1st. >> i am not optimistic. >> reporter: even congressional leaders are cemental. >> the american people have a right to be very upset with this congress. >> reporter: president obama invited pelosi, john boehner and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year. and we...
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Jan 1, 2013
01/13
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WMAR
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estate tax in familiar. and it was at 35% right now. democrats wanted to raise it to 45%. it looks like it will be 40%, beginning with $5 million. >> senate getting ready to vote now and then goes to the house and we'll see what happens there. >> yes. and they reconvene at noon today. no football games for them, right? >>> this holiday will be another day in the hospital for secretary of state hillary clinton after doctors discovered a blood clot in her head. she's being treated in a manhattan hospital. >> reporter: hillary clinton's doctors say they detected a clot in the vein between her brain and skull. she's being treated with blood thinners to help dissolve the clot. the doctors add that she's in good spirits and is making excellent progress. clinton's medical problems began after she finished a grueling trip to europe. she developed a stomach virus, which caused severe dehydration. days later she fainted and suffered a concussion. then came the discovery of the blood clot. this is the second time clint
estate tax in familiar. and it was at 35% right now. democrats wanted to raise it to 45%. it looks like it will be 40%, beginning with $5 million. >> senate getting ready to vote now and then goes to the house and we'll see what happens there. >> yes. and they reconvene at noon today. no football games for them, right? >>> this holiday will be another day in the hospital for secretary of state hillary clinton after doctors discovered a blood clot in her head. she's being...